LISTING DETAILS

1806 16th Avenue

1806 16th Ave Seattle WA 98122

Listing #: 678208 | Status: Pending | Last Modified: 4/22/2024

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income95,115
Vacancy Factor %5.00%
Operating Expenses35,535
Net Operating Income54,824
CAP Rate3.98 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate3.977
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
# of Units5
Total Building SF3,325 SF
Net Rentable Area3,327 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF4,966 SF
Acres0.11
Year Built1906
Property Type
Property TypeMulti-Family
Location
CountyKing
Market AreaCapitol Hill/First Hill
Tax ID #8080400180
ZoningLR3 (M)

Capitol Hill 5 Units Value-add, Amenity Rich Locat

Showing Instructions

SEE_NOTES

Public Comments

We are pleased to present the exclusive listing of this 5-unit apartment building in Capitol Hill. West facing towards Seven Hills Park across the street, the building features good natural light exposure and views from the top floor. Built in 1906, the unit mix consists of three studios, one 1-bedroom and one 2-bedroom. Units have received updates on turnover with most units receiving newer laminate floors and appliances. Additionally, the building received Milgard insulated window replacements in 2017. Off-street parking is available for at least 4 vehicles via alley access. Situated on a residential street, the building is steps from the charming cafes, restaurants and shops of the 15th Avenue retail corridor. Current rents are well below market and two units will be delivered vacant a

1806 16th Avenue
1806 16th Ave Seattle WA 98122

Listing #: 678208 | Status: Pending | Listing Date: 2/29/2024 | Last Modified: 4/22/2024 | Email Listing

For Sale

1806 16th Avenue

Listing Images